Mainland yesterday plus interest, to further attract the North Water Bay in Hong Kong property market. The picture shows the Hui Sheng Tai Wai Cheung on sale last year the scene. Profile picture
Xinhua People's Daily on February 9, according to Wen Wei Po reported in Hong Kong, the Mainland to raise rates by 25 basis points yesterday, containing inflation, one-year lending rate from 5.81 to 6.06 PCT PCT added, so that only about 1 per cent mortgage interest rates in Hong Kong even more attractive force, to further attract the North Water Bay Hong Kong property market. Department of deployment length and sale of the Kiu UPTOWN still serve the city on last Saturday the first 150 site visits mainland visitors to Hong Kong, mainland tourists is expected to account for this real estate more than 10% of the Midland Group, also expected this year, although the Hong Kong property market City and the face of policy changes in the external economic environment, but the continued inflow of funds in the Mainland, the expected upward trend of the property market remain unchanged, increase in property prices expected this year, about 11%.
director of Cheung Kong Real Estate Investment
Guo Ziwei yesterday that China will not raise interest rates and down payment at interest rates of Shenzhen offers, under the effect of the appreciation of the renminbi, mainland visitors to Hong Kong home, only eight have discount for an offer lower than the mainland are also entitled to mortgage interest rates, current interest rate to 5 per cent by the Mainland to 6 PCT, Hong Kong, only about 1 per cent by income, but they can also enjoy the high interest deposit bonus mainland, so China moves to control the property market and interest rates curb inflation, but more Hawker Mainland to Hong Kong to attract home buyers hedge against inflation, and arranging his family to reside in Hong Kong.
Senior Executive Director of Midland
Huangjin Kang pointed out that the Government fears that further moves in the next 1 to 2 weeks of static property market expected a slight turn, but I think an increase in land supply is a fundamental law, than alone moves against speculators palliative better. He believed that Hong Kong property market this year, although the face of the city policy and the changes in the external economic environment, but the continued inflow of funds in the Mainland under the expected upward trend in Hong Kong property market remain unchanged, but increases will slow, increase in property prices expected this year, about 11 %.
the face of rising property prices, the Government intends to further increase in the new fiscal year, the number of active land sales, and increase the supply of land each year to 30,000 partners. However, Huang Jinkang that the Government should be careful to increase the supply of land to avoid a mismatch situation, exacerbated the polarization of the property market.
He pointed out that the government increase the supply to understand the actual market conditions, the current housing supply is not a shortage of small, whereas the urban areas have a shortage of large units, the Government should increase the supply of this area, especially in the economic activities of Hong Kong concentrated in urban areas, the Government should increase the supply of urban large units to meet demand. He also said the Government should speed up urban renewal, such as reclamation, to increase urban land supply.
Huang Jinkang that the Hong Kong economy to improve, low interest rate environment continues to support the property market with a positive role in the market worried about property prices rise too hasty, the Government or subject to market conditions and then moves, but do not see the floor, the Government intends to push down price, but expect prices to rise steadily, so every time the government moves will generate short-term psychological impact on the market, such as just the news that the Government's intention to increase the amount of new supply each year, or will the next 1 to 2 weeks moderately quiet trading .
He pointed out that the volatility of the property market this year, with 05 city and 08 fluctuations similar to the data, the 04-05 year period, the highest second-hand housing registered with 13,325 cases in the month of January with the lowest 4,322 were relatively poor rate of more than 208%, while in the 2008 period, the volatility is as high as 310%; Rabbit unstable property market policies, coupled with external factors, are presented so that a more volatile situation in the property market this year, second-hand housing material amount of the highest and lowest registered volatility will be up to 433%, a record high of 97 years.
the face of this year's market conditions, he suggested that people enter the market hold,
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